SOLUTION: A charity organization is selling $10 raffle tickets to raise money for its cause. The first prize is a trip to Disney World valued at $6,500. The second prize is a trip to Dollyw

Question 1148616: A charity organization is selling $10 raffle tickets to raise money for its cause. The first prize is a trip
to Disney World valued at $6,500. The second prize is a trip to Dollywood valued at $1,400. The
third prize is a trip to the Zoo valued at $170. There are 5,000 tickets sold. If Alex purchases a single
ticket, what is the expected value of that ticket to Alex?

Answer by ikleyn(52767) (Show Source): You can put this solution on YOUR website!
.


-10 +  +  +  = -8.39 dollars.

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